Ethylene Oxide Market at $39,865.3 Million & Ethylene Glycol Market at $37,524.8 Million in 2016

Ethylene Oxide and Ethylene Glycol Market research by 2016

what is Ethylene Oxide and Ethylene Glycol:

Ethylene oxide is a bulk industrial chemical, used for a wide range of applications including many consumer products and non-consumer chemicals and intermediates. And Ethylene Glycol is The largest application of Ethylene Oxide, accounting for over 72% of the ethylene oxide demand globally.

Global Market Analysis for Ethylene Oxide and Ethylene Glycol 

The global market for ethylene oxide in terms of revenue was estimated to be worth $27,430.0 million in 2010 and is expected to reach $39,865.3 million by 2016, growing at a CAGR of 6.0% from 2011 to 2016.

                                  

                                         Ethylene Glycol Market Share, by Geography, 2010

    Source: ICIS, Shell, RIL, Chemical Week Magazine, Primary Interviews, MarketsandMarkets

The global market for ethylene glycol in terms of revenue was estimated to be worth $23,620.3 million in 2010  and is expected to reach $37,524.8 million by 2016, growing at a CAGR of 7.7% from 2011 to 2016.The demand for ethylene glycol by volume in Asia-Pacific is expected to grow at a CAGR of 6.3% from 2011 to 2016.

Key participants in the global ethylene oxide and ethylene glycol market include The Dow Chemical (U.S.), SABIC (Saudi Arabia), Shell Group (The Netherlands), Huntsman Corporation (U.S.), BASF (Germany), Sinopec (China), and Reliance Industries Ltd. (India).